Bigger Than a Breadbox: The Impact of HIPAA on American Employers
The passage of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) was hailed as one way to make health benefits more portable for American workers. Title II of the Act, Preventing Fraud and Abuse, received relatively little attention back then. Defined Benefit Funding Under Active Discussion
Issues surrounding defined benefit plan funding and the demise of the 30-year Treasury bond are being discussed in Washington, D.C. Joint Tax Committee Recommends Pension, Compensation Changes
Following Enron’s collapse, the media and the 2002 congressional session focused considerable attention on the fallout — on Enron’s 401(k) plan participants in particular and on employer stock in 401(k) plans and other 401(k) issues more generally. FASB and EITF Tackle Stock and Pension Accounting
On March 12 the Financial Accounting Standards Board (FASB) decided to open a major project on accounting for stock-based compensation. First on the agenda will be stock options and whether they should have a compensation expense. Court of Appeals Affirms Wear-Away Does Not Violate ERISA
The First Circuit Court of Appeals has affirmed the decision in Campbell v. BankBoston, becoming the first appellate court to consider age discrimination claims against a cash balance plan. New Medicare Framework Faces Tough Fight in Congress
When President Bush proposed his fiscal year 2004 budget, he included $400 billion over 10 years for prescription drug coverage and other reforms to Medicare. Pension Security Act Passes House, Again
In the wake of the Enron scandal, the House approved the Pension Security Act in April 2002. The legislation was intended to give employees more control over investments in their 401(k) plans and broader access to investment information and advice.
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